I share my ideas on Tesla's Q1 2023 profits report, earnings call, and comments from Elon Musk, Zach Kirkhorn, Drew Baglino and Tesla management.
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Tesla is weathering the storm better than anyone else. Making profit$ & gaining velocity while the “competition” struggles & loses speed & $$ on EV’s. All Systems Go……
Good point. If Tesla is struggling a little check out legacy auto with massive debt, worse margins, and declining sales numbers.
I guess investors over reacted then
Betting long term on autonomy isn’t new to investors.
If it wasn’t their focus all along and now they say autonomy will generate good profits, that will be a worry.
Looking forward to the coming years ahead ! Thanks Dave
I haven’t heard anyone commenting on AGI and FSD. Data is far less important once AGI is attained. When that is not Tesla, and competitors start leasing this technology and pump out robotaxi’s – that would force Tesla to write off billions of investments in FSD – and to lease the same technology. Stock would crash and stay down.
Thanks for the summary Dave, keep up the great work 👍
You’re the first one I came to after the call. Thanks for your calm analysis.
the best
So good to see you again Dave after all this time! Thank you!
Its over Dave!Your crazy stockpumping dosent work anymore!Tesla at 48$ end of the year!Get a real job Dave!
Enjoy your short, concise reports.
Thank you Dave, short and sweet. Tesla is a long term investment. Their management is amazing. Soon people will realize Tesla is not “just a car company”! 🇨🇦
I drove my model 3 last week from LA to El Paso TX. I have FSD with the latest update. On the freeway the vehicle at 75 mph was passing the slower vehicles on the left/right side. CERO interventions both ways. In the city hardly any interventions. Only one because the street was closed for repairs (Phoenix) So I think FSD just might be ready at the end of this year, or next year at the latest.
Dave couldn’t help but laugh when quoting elon saying “this year” for fsd
I’m guessing every investor laughed.
It will happen but i think it will be next year but i would like to be proven wrong by it happening this year 😂
@Kenneth yes i gues 2025 or 2026. We shall see…
not worry about short term! Tesla future is great!
It will be extremely close by the end of this year, they will spend most of next year working out the edge cases and improving/increasing the available generated mapping data used for trip decision making. Most likely will be ready for prime time by early to mid 2025. Regulatory approval coming by 2027 id wager once enough data is there showing massive safety improvements over human drivers. They will have a monopoly on general FSD tech so it will be interesting.
Dave had his estimates right, as opposed to the echo chamber of the recent crop of TSLA hyper bulls. And he gives a well-grounded concise analysis without speculation.
So true. I’m waiting for the comments of Randys and Warrens of this world 🙂
Thanks Dave, best summary out there. Another piece of that seeking autonomy puzzle is the more cars on the road the more Tesla collects data so on that front it may be wiser to reduce cost, cut margin and increase data. I like this much better than when Tesla was raising prices though that may have been good for margins. Cutting price is much more in line with Tesla’s stated goal of speeding the transition of the entire transportation system and energy grid We’re not going to see ev S curves with $50,000 vehicles in my opinion. The legacies and even Chinese ev companies are suffering because of Tesla’s cuts.
Always do such a great job on these summaries… best of the bunch! SoCalFreddy
Always enjoys watching your videos. Keep up the good work Dave.
Set your goals low and succeed them! What the hell does Wallstreet want, it was a great Q1!
Love your short summaries, Dave! Thanks for your awesomeness!
Thank you so much for your effort, Dave! Much appreciated! 👏
Dave you are the best ! As usual, you provide very concise and honest earning call summary without the hype or unnecessary wild speculations. Keep it up.
Incredibly insightful, well reasoned and balanced view on Tesla’s Q1 performance and future prospects. Like you I saw many areas to be thankful for with strengths across supercharger network growth and utilization (60% of Europe opened to all without wait time issues), stellar energy storage growth, and more. I remain as optimistic as ever.
The 115M miles of FSD experience is so noteworthy as are the step change improvements from versus 11+. I’ve been on FSD since Oct 2021 and the improvement level is significant.